Funding you earn now, next payment 22:00 UTC+0.0347%/8h= +38.0% APRpaid last 24h +0.073%
Price spread now: Backpack against Binance+0.204%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)−0.546%−$55 · spread now +0.204%, 7d avg +0.073%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Backpack is 0.131% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.073%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CRVUSDT | 0.3622 | 0.0100 | pay 0.0100% / 8h | 2h 13m | $25.3M | $58.2M | 75x |
| Short | Backpack CRV_USDC_PERP | 0.3629 | 0.0447 | get 0.0056% / 1h | 13m 09s | $104K | $362K | 10x |
Binance CRVUSDT
Backpack CRV_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $72.97
- Price spread: +0.204% → +0.073%
- $13.09
- Slippage, 4 orders
- −$24.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $41.35
- Costs to cover
- 0.447%
- Break-even
- 3.0 days
Slippage from Binance: live order book, 14 min ago; Backpack: live order book, 10 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 14 min ago | 1.37 bp | 12.6 bp −$13 | 33.0 bp −$330 | 125.5 bp −$12.6K | doesn't fit |
| Sell Backpack live order book, 10 min ago | 0.14 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
CRV on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0852% | 1h | 0.3627 | +0.138% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | +0.221% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3627 | +0.134% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3635 | +0.369% | $37K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3638 | +0.453% | $26K | $193K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3629 | +0.193% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3626 | +0.119% | $412K | $702K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3629 | +0.201% | $130K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3634 | +0.330% | $374K | $173K | 10x | as long as short |
| Binance CRVUSDTlong | +0.0100% | 8h | 0.3622 | long leg | $25.3M | $58.2M | 75x |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3627 | +0.138% | $27.6M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3624 | +0.055% | $8.6M | $22.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3630 | +0.221% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3626 | +0.110% | $14.4M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3633 | +0.304% | $7.0M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3631 | +0.248% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3627 | +0.138% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3627 | +0.134% | $1.1M | $152K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3633 | +0.306% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3639 | +0.462% | $507K | $462K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3633 | +0.304% | $60K | $691K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3675 | +1.463% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3626 | +0.101% | $241K | $886K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3628 | +0.159% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0164% | 1h | 0.3631 | +0.247% | $3.1M | $3.5M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3626 | +0.110% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0283% | 1h | 0.3631 | +0.237% | $22.3M | $17.1M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3633 | +0.304% | $386K | $4.8M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0400% / S −0.0160% | 1h | 0.3631 | +0.239% | $215K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPshort | +0.0447% | 1h | 0.3629 | +0.204% | $104K | $362K | 10x |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]